House Hunt: Steady Progress In Real Estate

OPEN HOUSES

$790,000. 23045 Vineyard Drive, 2 Bdrm, 2 Bth, North County Properties

 MARKET OUTLOOK

Yesterday, we did see the largest drop ever in oil prices for a full 11 percent and we are to see the results of this at the pumps early next week.

This with progress in many other area’s of economic impact are making this still a great to to buy a home. 

“Interest rates for home loans are at the lowest that we have seen all year," according to Dan Stevens at Wells Fargo home loans. "Fifteen-year rates are at 4 percent and the 30-year is at 4.5 percent."

The affordability index for home purchases is still in the excellent range. If you are starting to look for a home in Healdsburg, please remember that there is a wider range of loans available here than some areas.

The USDA rural home loan program is an excellent option.

“Another often overlooked option is the Home Path Renovation program," s aid Hunt Conrad of Prospect Mortgage. "It features a 15 percent down with money built in for paint and carpet.

"There is also no mortgage insurance on this type of loan,” Conrad added.

 Steve Vail of High Tech Lending said private money lending is improved.

“There is now plenty of money available in the private money area of lending," Vail said. "In this scenario, expect the rates to be at about 9 percent plus a couple of points.

"These loans can be used for wide variety of uses and the best use today would be a bridge loan," Vail added. "That is a short-term loan used as a stop gap while you get other funding in place.”

_______________________________________________________

HOMES SOLD IN HEALDSBURG SINCE ST. PATRICKS DAY

$117,500, 156 School House Lane, Geyserville

$250,000.  181 Kenedy Lane, Healdsburg

$274,500. 800 Quail Court, Healdsburg

$280,000. 208 Fuchsia Way, Healdsburg

$316,000. 602 March Ave, Healdsburg

$364,000. 238 Pheasant Drive, Healdsburg

$395,085. 222 Cedar Circle, Healdsburg

$425,000. 132 Grant Street, Healdsburg

$465,000. 328 Grant Street, Healdsburg

$500,000. 423 Fitch Street, Healdsburg

$542,000. 931 Ridgeview Drive Healdsburg

$669,000. 506 Grove Street, Healdsburg

$1,100,000. 1760, Lytton Springs Road, Healdsburg

$1,100,000. 401 Matheson Street, Healdsburg

$2, 550,000. 550 Tucker Street, Healdsburg